KUALA LUMPUR, Nov 14 (Bernama) -- Malaysia is expected to become Southeast Asia's packaging for manufacturing hub within 10 years, said Reed Exhibitions (RX) China chief operating officer Josephine Lee.
Lee said that with strategic changes in the global manufacturing industry, Southeast Asia has become one of the most dynamic and promising regions for economic development.
“Malaysia, as a key player in the Southeast Asian packaging market, is experiencing significant growth and transformation, particularly in the food and beverage, e-commerce, and healthcare sectors.
"The Southeast Asian packaging market is expected to see rapid growth, with the regional gross domestic product forecast to expand by 4.7 per cent in 2025-2026,” she told reporters at the launch of Wepack ASEAN 2024 today.
Regarding the performance of Malaysia’s packaging industry this year, the Malaysian Corrugated Carton Manufacturers’ Association (MACCMA) chairman Henry Low anticipated a more robust industry performance recovery around March or April 2025.
“This is due to regional and seasonal factors as well as global economic pressures, which are key contributors to the current trend.
“This recovery may be spurred by anticipated improvements in Malaysia-China relations following upcoming political developments, which could influence investment flows and trade conditions,” he added.
Wepack ASEAN 2024, organised by RX in collaboration with MACCMA, is the most professional exhibition on packaging container manufacturing and its applications in Southeast Asia.
The trade show, which is the second edition in Malaysia held at the Malaysia International Trade and Exhibition Centre from Nov 14-16, is expected to receive more than 5,000 delegates from around the world to explore and learn the latest technologies in the industry, sustainable solutions, and opportunities for transformational growth.
-- BERNAMA
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